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Here We Go Again: Dow Plunges 300+ at Opening Bell

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Stocks plummeted at the opening bell on Wall Street on Tuesday after more data in China pointed to a sharp slowdown in the world's No. 2 economy. In the first minutes of trading, the Dow was down 342 points at 16,185. The New York Stock Exchange invoked a rarely used rule designed to smooth out volatility in the markets. Data out overnight in China showed manufacturing there shrinking at the fastest pace in three years. China is an engine of the world economy and a major market for American goods. American investors are also nervous about the prospect that the Federal Reserve will raise interest rates soon.

Added on the 01/09/2015 13:03:48 - Copyright : Wochit

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